Gores' Platinum Equity Closes $3.75B Buyout Fund

Law360, New York (September 3, 2013, 1:20 PM EDT) -- Tom Gores' Platinum Equity LLC matched the $3.75 billion goal it had set for its latest fund, beating a pair of predecessor funds to give the Los Angeles firm its biggest-ever investment vehicle earmarked for companies in need of operational oversight, it said Tuesday.

The fundraising effort drew in commitments from public and private pension funds, sovereign wealth funds and other institutional investors across North America, Europe, Australia, Asia and the Middle East, Platinum said.

"We received commitments from longtime partners who have been investing with...
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